Standing nearly 100 feet tall on the rocky shore of the island Bjorko in southwest Sweden, a white wind tower looks indistinguishable from thousands of similar tubes that help generate Continue Reading
Texas regulators are relaxing rules about where companies can store oil underground, raising concern among environmentalists about potential groundwater contamination and other dangers. The members of the Railroad Commission of Continue Reading
Due to a combination of circumstances there is now a worldwide shortage of storage space ashore for both unrefined and refined oil products of all types. As such there is Continue Reading
MOSCOW—What was tipped to be a marque year for Russian President Vladimir Putin is morphing into one of the toughest challenges to his 20-year reign. The novel coronavirus pandemic, plummeting Continue Reading
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite a bit Continue Reading
Italy and Spain, the two European countries most severely hit by the coronavirus, are suffering even deeper slumps after record contractions in the first quarter. Lockdowns that shut hotels and restaurants Continue Reading
German factories saw demand collapse in March, when measures to contain the coronavirus brought the economy to a sudden halt. Orders fell 15.6% from the previous month, the most since data Continue Reading
French supermajor Total proved more resilient than some peers in the first quarter, remaining profitable despite a 35-percent decline in net income to $1.8 billion. The company said it would Continue Reading
The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus with a drop in output of more than 7%, as it Continue Reading
Crude oil futures were higher in mid-morning trade in Asia Tuesday amid market expectations that demand destruction following the COVID-19 outbreak has found a floor. Receive daily email alerts, subscriber Continue Reading
